Severe weather is disrupting shipping routes around Africa, forcing containerships to halt their journeys around the Cape of Good Hope. With waves over 30 feet high and powerful winds, vessels are seeking shelter from the cyclone’s wrath. Since over 600 ships navigate these treacherous waters, the impact on global cargo movement is set to increase. Continue reading to stay informed on how this could affect international trade.
Congestion in the Panama Canal
The importance of the Panama Canal is shown by the extensive number of supply chains that rely on it. With the number of ships stuck in the traffic jam, the main impact is shipping delays.